Xinghui Ring Materials announced that it intends to use its own funds to repurchase RMB common shares already issued by the company through centralized bidding transactions to protect the company's value and shareholders' rights. All of the repurchased shares will be sold in accordance with relevant regulations. The total repurchase capital was not less than RMB 100 million and not more than RMB 200 million, and the share repurchase price was not more than RMB 6554 per share. Based on the maximum repurchase price of 6554 yuan/share, the estimated number of shares that can be repurchased is 3,0516 million shares, accounting for 1.58% of the company's current total share capital; based on the lower limit of the repurchase amount, the estimated number of shares that can be repurchased is 1,525,800 shares, accounting for 0.79% of the company's current total share capital. The specific number of shares to be repurchased is based on the actual number of shares to be repurchased at the end of the repurchase period. The implementation period for share repurchase shall not exceed 3 months from the date the board of directors of the company reviews and approves the share repurchase plan.

Xinghui Ring Materials announced that it intends to use its own funds to repurchase RMB common shares already issued by the company through centralized bidding transactions to protect the company's value and shareholders' rights. All of the repurchased shares will be sold in accordance with relevant regulations. The total repurchase capital was not less than RMB 100 million and not more than RMB 200 million, and the share repurchase price was not more than RMB 6554 per share. Based on the maximum repurchase price of 6554 yuan/share, the estimated number of shares that can be repurchased is 3,0516 million shares, accounting for 1.58% of the company's current total share capital; based on the lower limit of the repurchase amount, the estimated number of shares that can be repurchased is 1,525,800 shares, accounting for 0.79% of the company's current total share capital. The specific number of shares to be repurchased is based on the actual number of shares to be repurchased at the end of the repurchase period. The implementation period for share repurchase shall not exceed 3 months from the date the board of directors of the company reviews and approves the share repurchase plan.